Xerox to offload leasing?
Xerox announced it will return its FITTLE (aka XFS) leasing business to captive lenders as the company focuses on core print, IT and digital services
- Announced that it has expanded its partnership with PEAC Solutions of Mount Laurel, NJ
- Office Products International reported that Xerox sold around $600 million in leasing liabilities to PEAC
- PEAC Solutions offers sales/origination support, credit underwriting, contract document review, funding and administration of lease agreements, including accounts receivable and payment services